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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 14</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2114 down 0.0053</u></div>
<div><u>Chicago corn closed lower to sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 6.87 DEC21 HI 5.75</u></div>
<div><u> LOW 6.41 3/4 LOW 5.41 1/4</u></div>
<div><u> CLOSE6.43 3/4 Down 31 CLOSE 5.42 3/4 Down 15 1/2</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +JUL21+SEP21+SEP21</u></div>
<div><u>CK Low 1.75 8.19 322.33 0.95 6.38 251.07</u></div>
<div><u>CK High 1.75 8.19 322.33 1.00 6.43 253.04</u></div>
<div><u>CK Avg 1.75 0.32 8.19 322.33 0.96 -0.16 6.39 251.40</u></div>
<div><u>Essex Cty 1.75 8.19 322.33 0.95 6.38 251.07</u></div>
<div><u>Mdsx Low 1.75 8.19 322.33 0.95 6.38 251.07</u></div>
<div><u>Mdsx High 1.75 8.19 322.33 1.00 6.43 253.04</u></div>
<div><u>Mdsx Avg 1.75 0.32 8.19 322.33 0.98 -0.14 6.40 252.06</u></div>
<div><u>Hensall 1.77 8.20 322.98 0.98 6.41 252.38</u></div>
<div><u>Bruce 1.75 8.19 322.33 0.95 6.38 251.07</u></div>
<div><u>Putnam 1.75 8.19 322.33 0.95 6.38 251.07</u></div>
<div><u>Burford 1.75 8.19 322.33 0.95 6.38 251.07</u></div>
<div><u>Port Perry 1.75 8.19 322.33 1.00 6.43 253.04</u></div>
<div><u>Norfolk 1.75 8.19 322.33 0.95 6.38 251.07</u></div>
<div><u>Palmerston 1.62 8.06 317.21 0.86 6.29 247.53</u></div>
<div><u>Varna 1.75 8.19 322.33 0.95 6.38 251.07</u></div>
<div><u>Trenton 1.75 8.19 322.33 1.00 6.43 253.04</u></div>
<div><u>Winchester 1.80 8.24 324.30 1.40 6.83 268.79</u></div>
<div><u>North Gower 1.64 8.08 318.00 1.28 6.71 264.06</u></div>
<div><u>Vankleek Hil 1.64 8.08 318.00 0.97 6.40 251.86</u></div>
<div><u>Huron FOB 1.73 1.76N/A N/A 8.17 321.54 0.95 6.38 251.07</u></div>
<div><u>Kent FOB 1.85 8.29 326.26 1.07 6.50 255.80</u></div>
<div><u>Lamb FOB 1.70 8.14 320.36 0.95 6.38 251.07</u></div>
<div><u>Mdsx FOB 1.80 1.85N/A N/A 8.24 324.30 1.05 6.48 255.01</u></div>
<div><u>FOB SW Que 2.60 9.04 355.79N/A</u></div>
<div><u>Track 2.00 8.44 332.17N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.21 6.64 261.31</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 2.28 1.17 6.60 259.73</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.35 6.78 266.82</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 2.55 1.70 7.13 280.60</u></div>
<div><u>W O Feed 2.10 8.54 336.03</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.99 8.43 331.78</u></div>
<div><u>Toledo El. 0.30 6.74 265.36 -0.24 5.19 204.13</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 8.39 330.20 1.40 6.83 268.79</u></div>
<div><u>Prescott 1.70 8.14 320.36 1.28 6.71 264.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 6.42 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2114 down 0.0053</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 16.12 3/4 NOV21 HI 14.20 3/4</u></div>
<div><u> LOW 15.77 LOW 13.88 1/4</u></div>
<div><u> CLOSE15.86 1/4 Up 2 1/4 CLOSE 14.00 3/4 Up 4 1/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +JUL21+JUL21+AUG21</u></div>
<div><u>CK Low 3.85 19.71 724.31 2.60 16.61 610.22</u></div>
<div><u>CK High 3.95 19.81 727.98 2.65 16.66 612.06</u></div>
<div><u>CK Average 3.90 0.45 19.76 726.03 2.63 -0.27 16.64 611.45</u></div>
<div><u>Essex Cty 3.85 19.71 724.31 2.55 16.56 608.38</u></div>
<div><u>Mdsx Low 3.86 19.72 724.68 2.58 16.59 609.49</u></div>
<div><u>Mdsx High 3.95 19.81 727.98 2.65 16.66 612.06</u></div>
<div><u>Mdsx Average3.91 0.46 19.77 726.33 2.62 -0.29 16.62 610.77</u></div>
<div><u>Hensall 3.88 19.75 725.54 2.65 16.66 612.06</u></div>
<div><u>Bruce 3.90 19.76 726.15 2.65 16.66 612.06</u></div>
<div><u>Putnam 3.95 19.81 727.98 2.65 16.66 612.06</u></div>
<div><u>Burford 3.93 19.79 727.25 2.65 16.66 612.06</u></div>
<div><u>Port Perry 3.88 19.74 725.41 2.60 16.61 610.22</u></div>
<div><u>Norfolk 3.85 19.71 724.31 2.60 16.61 610.22</u></div>
<div><u>Palmerston 3.85 19.71 724.31 2.66 16.67 612.43</u></div>
<div><u>Varna 3.85 19.71 724.31 2.65 16.66 612.06</u></div>
<div><u>Trenton 3.85 19.71 724.31 2.60 16.61 610.22</u></div>
<div><u>Winchester 3.90 19.76 726.15 2.70 16.71 613.90</u></div>
<div><u>North Gower 3.30 19.16 704.10 2.65 16.66 612.06</u></div>
<div><u>Vankleek Hil3.31 19.17 704.47 2.65 16.66 612.06</u></div>
<div><u>Huron FOB 3.92 4.04 4.04 N/A 19.78 726.88 2.70 16.71 613.90</u></div>
<div><u>Kent FOB 3.95 19.81 727.98 2.60 16.61 610.22</u></div>
<div><u>Lambton FOB 3.90 19.76 726.15 2.65 16.66 612.06</u></div>
<div><u>Mdsx FOB 4.02 4.14 N/A N/A 19.88 730.56 2.70 16.71 613.90</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.02 19.88 730.56 2.84 16.85 619.04</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.35 20.21 742.68 3.05 17.06 626.76</u></div>
<div><u>Prescott N/A 2.89 16.90 620.88</u></div>
<div><u>Port Colborn3.85 19.71 724.31 3.08 17.09 627.86</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.42 16.29 598.43 -0.42 13.58 499.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2114 down 0.0053</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>JUL21 HI 7.24 1/4 JUL21 HI 7.24 1/4</u></div>
<div><u> LOW 6.99 1/2 LOW 6.99 1/2</u></div>
<div><u> CLOSE 7.07 1/4 Up 5 3/4 CLOSE 7.07 1/4 Up 5 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL21 HI 7.62 SEP21 HI 7.67</u></div>
<div><u> LOW 7.35 LOW 7.40 3/4</u></div>
<div><u> CLOSE 7.40 3/4 Down 1/2 CLOSE 7.46 1/2 Down 1/4</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2020 Harvest 2021</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A N/A N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.50 1.50 1.50 N/A 1.25 1.13 0.95 N/A</u></div>
<div><u>Hensall N/A N/A N/A N/A 1.30 N/A 1.00 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.00 N/A</u></div>
<div><u>Bruce 1.65 1.70 1.65 1.40 1.25 1.25 1.00 1.40</u></div>
<div><u>Essex N/A N/A 1.70 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Norwich N/A N/A N/A N/A 1.30 N/A 1.00 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Kent Bridge N/A N/A N/A N/A 1.30 N/A 1.00 N/A</u></div>
<div><u>Chatham N/A N/A 1.70 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.70 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A N/A 1.86 1.75 N/A 1.18 0.94 1.34</u></div>
<div><u>Varna 1.80 1.80 1.80 N/A 1.20 1.20 1.00 N/A</u></div>
<div><u>Mitchell N/A N/A N/A N/A 1.30 1.25 1.00 N/A</u></div>
<div><u>Thornton 1.50 1.50 1.50 1.35 1.25 1.13 0.95 N/A</u></div>
<div><u>North Gower N/A 1.25 1.40 0.90 N/A 0.80 0.90 0.78</u></div>
<div><u>W O Feed 2.60</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.88 N/A N/A N/A 1.33 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.68 N/A N/A N/A 1.68 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.17US 8.69CA 7.17US 8.69CA</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 593.60</u></div>
<span><u>DDG's FOB Srn & Aylm 345.00 - 350.00</u></span><br>
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<span>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p style=""> </o:p></span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span><o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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